Examlex
When converting from fund financial statements to government-wide statements, it is necessary to eliminate transfers that are between the categories of governmental activities and business-type activities.
Investment Account
A financial account held by an investment dealer that enables individuals to purchase securities such as stocks, bonds, and mutual funds.
Annually
Happening annually.
EAR
The Effective Annual Rate, a measurement of interest that takes into account the effect of compounding over the period of time it is applied.
Compounded Monthly
The process of calculating interest on an initial principal, which also includes all of the accumulated interest from previous periods on a loan or investment, with the compounding occurring on a monthly basis.
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